VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Up 264.5% in August

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 21,986 shares, a growth of 264.5% from the July 30th total of 6,031 shares. Based on an average daily volume of 13,403 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.5% of the company’s shares are sold short.

Hedge Funds Weigh In On VanEck Robotics ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBOT. Jane Street Group LLC acquired a new stake in shares of VanEck Robotics ETF during the first quarter valued at about $256,000. First Heartland Consultants Inc. acquired a new position in shares of VanEck Robotics ETF in the second quarter worth about $420,000. Finally, Accel Wealth Management boosted its holdings in VanEck Robotics ETF by 30.4% in the second quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock valued at $1,009,000 after purchasing an additional 3,420 shares during the last quarter.

VanEck Robotics ETF Trading Down 1.8%

Shares of VanEck Robotics ETF stock opened at $65.62 on Friday. VanEck Robotics ETF has a twelve month low of $46.22 and a twelve month high of $69.42. The stock has a market cap of $98.43 million, a price-to-earnings ratio of 27.21 and a beta of 1.37. The company has a fifty day moving average price of $65.91 and a 200 day moving average price of $62.40.

VanEck Robotics ETF Company Profile

The Vaneck Robotics ETF (IBOT) is an exchange-traded fund that is based on the BlueStar Robotics index. The fund tracks an index designed to provide exposure to companies involved in early adoption of commercial and industrial robotics, globally. Stocks are selected based on the amount of revenue tied to the theme IBOT was launched on Apr 5, 2023 and is managed by VanEck.